Here are the predicted ranges in major markets for next week by Trevor Smith....
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Top Trades from the Aden Sisters
04/12/2017 2:50 am EST
Investors are optimistic. Even though some of the initial excitement has worn off, investors are still feeling good about Trump's promises, which will be good for business.
As a result, trillions of dollars have been pouring into the stock market. This sentiment is essentially feeding on itself, driving stocks sharply higher. Many have watched this stock market rise in disbelief. We all know the market is overvalued and many are warning that a crash, similar to 2007-08, is just around the corner.
So why in the world would you want to buy stocks? These types of contrary opinions have always been around in every bull market we've ever seen. That's why they say, bull markets climb a wall of worry.
Meanwhile, it now looks like the stock market is finally taking a breather, following its steep rise. This is normal, but the market is so strong, this breather may not amount to much.
So continue to keep your stock positions. They're generally holding firm and they're looking good. And if stocks do dip further, we may want to buy more on weakness.
Currently, the positions we like best are Powershares QQQ Trust (QQQ), Adobe (ADBE), iShares S&P Global 100 Index (IOO) and Templeton Emerging (EMF). We also like Apple (AAPL) and iShares Dow Jones U.S. Home Construction (ITB) but we'll wait to buy these on weakness.
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